European Solo GP Robin Capital closes its first fund with 15 million euros to play

Robin Capital — the Germany-based enterprise capital fund led by Solo GP by former entrepreneur Robin Haak — has reached the ultimate shut of “Robin Fund One” at €13 million. Mixed with its extra growth-focused funding car of €2 million, the fund now has a complete of €15 million to play with. Within the realm of European solo GPs, which usually increase a lot lower than their American equivalents, it is a respectable determine.

Launched in 2023Robin Capital targets mid-sized European B2B enterprise SaaS startups, specializing in the DACH area, at pre-seed and seed phases. It’s deployed in industries equivalent to HR, AI, Fintech, Local weather, DevOps, Robotics, and Industrial Know-how.

Some 28 corporations at the moment are within the portfolio and half of the fund has already been deployed in corporations like Developer Kombo (Germany) and Phacet Laboratories (France).

Robin was based in December 2022 by Haak, former co-founder of Jobspotting (acquired by San Francisco-based SmartRecruiters Inc. in 2017), who deposited the primary examine into German neo-bank N26.

Haak’s fund has 70 restricted companions and consists of GPs from personal fairness and enterprise capital corporations, in addition to founders and operators.

He additionally managed to recruit some enterprise capital companions, together with Renaud Visage, former CTO of Eventbrite and present founding father of Slate.VC; Jérôme Ternynck, founding father of SmartRecruiters and Rypples VC; and Lea Vajnorsky, co-founder of Ladies Inc.

Talking to TechCrunch, Haak mentioned the atmosphere wherein to lift cash has been fairly difficult.

“This yr and a half has in all probability been probably the most troublesome interval within the historical past of the enterprise capital trade, because of the macroeconomic scenario. I don’t have any establishments within the fund, I don’t even have the EIF.”

Nonetheless, he believes that the benefit has been with the ability to depend on a big community: “The LP base that I’ve as we speak has 70 individuals, and all of them are professionals… What is sweet now’s that it is an unimaginable value-added neighborhood.

Robin Capital joins the bandwagon of different Solo GPs in Europe, lots of whom have already held roles as a fund accomplice, entrepreneur, startup operator or content material creator (learn: podcaster).

Though solo GPs can typically make sooner selections than full-fledged multi-partner funds, they typically function extra like angels on steroids. However it may additionally imply sooner entry to their community, experience and viewers, notably within the case of creators who’ve developed a private model.

Hypernova, a $25 million fund of funds softly launched in 2022 put money into Solo GPs in Europe.

TechCrunch has recognized 28 “Solo” GP VCs launched in Europe over the previous two years, though one or two (like 20VC and Unruly Capital) at the moment are giant sufficient to have introduced in different companions and are slowly exiting the “Solo” part. :

14Pics Capital
GP: Edoardo Ermotti

20VC
Common practitioner: Harry Stebbings

Aerial Road Capital
GP: Nathan Benaich

Amino Collective
Common practitioner: Manuel Grossman

Anamcara
Common practitioner: Annelie Ajami

BackFutur Corporations
GP: Alex Théuma

Growth
Common practitioner: Félix Plapperer

Chalfen Ventures
GP: Mike Chalfen

Cocoa
Common practitioner: Carmen Alfonso Rico

Frequent magic:
Common practitioner: Sarah Drinkwater

First day corporations
Common practitioner: Masha Bucher

Entropy
Common practitioner: Sam Money

drop of fireside
GP: Pietro Invernizzi

Foreword
Common practitioner: Declan Kelly

Good day world
GP: Rodrigo Martínez

Inflection
GP: Alexandre Lange

Lemonade stand
Common practitioner: Siim Teller

Capital of Monte Carlo
Common practitioner: Ian Sosso

Nomadic capital
GP: Marc McCabe

No label firm
GP: Ramzi Rafih

NP-Arduous Ventures
Common practitioner:Anke Huiskes

Nebular
Common practitioner: Finn Murphy

OpenseedVC
Common practitioner: Maria Rotilu

Puzzle Corporations
Common practitioner: Gloria Baeuerlein

System.One
Common practitioner: Max Claussen

The Nordic Net
Common practitioner: Neil Murray

Spotlight companies
GP: Bogdan Iordache

Unruly capital
GP: Stefano Bernardi